Former Thai Prime Minister Thaksin Shinawatra has urged the adoption of stablecoins to boost Thailand's income

Former Thai Prime Minister Thaksin Shinawatra has said there is "no risk" in allowing the trading of stablecoins and other tangible asset-backed tokens and urged regulators to legalize online gambling to increase revenue, Cointelegraph reported. He noted that the Thai government is currently losing around $4 billion (100 billion baht) in online gambling tax revenue annually. The Thai Cabinet has approved a draft Law on the Operation of Entertainment Complexes, which aims to legalize casinos and the gambling industry.